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2024-09-30 12:00:41

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for The Bahamas (24-SEP-2024) 🗝️ℹ️ ...

⚠️ HRF CBDC ⛓️🪙 alert from HRF for The Bahamas (24-SEP-2024)

🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2020-10-20
CBDC Model: Retail
CBDC Issued: ¤2,459,478
Inflation Rate: 5.61%

TEXT: The Human Rights Foundation (HRF) has raised concerns about the introduction of Central Bank Digital Currencies (CBDCs) in 🇨🇳China. According to an HRF press release, the Chinese government plans to use CBDCs as an avenue to monitor and control every financial transaction conducted within the country. The watchdog argues this exercise is a violation of human rights as it infringes on citizens' financial privacy. The foundation warns that this development could further deepen the encroachment of the Chinese regime on individual freedoms if it goes on unchallenged.

The HRF echoes fears from other international bodies claiming that CBDCs could indeed breed financial surveillance by governments. This is particularly concerning in states with authoritarian tendencies, such as 🇨🇳China. The release highlights that such scenarios could effectively end citizens' financial privacy, thus violating universal human rights.

The developing situation in 🇨🇳China serves as a cautionary tale for other countries planning to launch their own CBDCs. The Human Rights Foundation is dedicating significant energy toward stopping this trend and preserving financial privacy worldwide.

POST:
📌 HRF raises alarm over 🇨🇳China's plan to use CBDCs for pervasive financial surveillance, warning of a broader threat to citizens' financial privacy and human rights.

✅The Human Rights Foundation is deeply concerned about 🇨🇳China's introduction of CBDCs as a tool for monitoring financial transactions.
✅The watchdog group warns this move may threaten citizens' financial privacy, thus violating human rights.
✅HRF, along with other international bodies, believe CBDCs could essentially end financial privacy for citizens in states with authoritarian tendencies like 🇨🇳China.
✅🇨🇳China's CBDC development is serving as a warning for other nations, with efforts from HRF focused on halting this escalating trend and upholding global financial privacy.

#HumanRights #FinancialPrivacy #CBDC #China #SurveillanceState

❓How do you believe the development of CBDCs could potentially impact financial privacy and individual freedoms, particularly in states with authoritarian tendencies?

Disclaimer: This is an AI-generated summary of the original text from HRF, forigve fuck-ups plox. If you find it useful, ⚡ the Tracker Bot because the AI and Cloud bits are not free to run.

Source of data: https://cbdctracker.hrf.org/home (npub1zhqcda52mrvcc0vkwegwsp5xtpk6l6x5kqx85f06tu9lw5h6xx0scch0dw)

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